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24 January 2025 | 0 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.
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20 February 2025 | 20 replies
I wasn't able to find too much feedback online so I would appreciate anything.
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14 January 2025 | 4 replies
Larger brokerages sometimes are in need of administrative work, which could earn you a steady income while also getting exposure to the field.
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1 February 2025 | 14 replies
It was supposed to be dealt with in December, but I can't find anything online to it being completed?!
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31 January 2025 | 7 replies
If you're earning primarily W-2 wages, interest, or dividends, those attractive depreciation deductions from your cost segregation study will be suspended.Think about it this way: You might spend $10,000-$15,000 on a cost segregation study, expecting immediate tax savings, only to find those deductions suspended indefinitely.Does this mean cost segregation studies are worthless?
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6 February 2025 | 13 replies
The LTR passive losses are reported on Schedule E and are not applicable to W2 income as I am not a real estate professional and earned above a certain threshold.
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29 January 2025 | 1 reply
If you own several apartment buildings your best interest might be to speak with a asset protection attorney versus asking questions online of just anyone who might respond.Good Luck!
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12 February 2025 | 75 replies
If you don’t, then it’s time to start contacting the wholesaler(s) whose cash buyer’s lists you will be utilizing, any agents who have cash buyer’s lists, or fill out the form online and partner up with the Flip Man.Ideally, you want to get a cash buyer and have them sign the assignment contract within 1-3 days after getting a property under contract.
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14 February 2025 | 8 replies
Palak,Many online tools like RentSavvy, Avail, Turbotenant, RentRedi, Apartment.com help you do this process.
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28 January 2025 | 6 replies
Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.